Crude Oil Technical Analysis December 9, 2022
Crude Oil declined 0.72% against the USD on Thursday and closed at 71.95. Today in the European session, while the Crude Oil technical Analysis December 9, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 72.61, which is 0.92% higher than Yesterday’s close.
The pair is expected to find support at 71.50 and a fall through could take it to the next support level of 70.00 The pair is expected to find its first resistance at 73.00 and a rise through could take it to the next resistance level of 74.50. Today’s expected trading range is between 68.50 support and 75.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 71.50
Support 2: 70.00
Support 3: 68.50
Important resistance levels:
Resistance 1: 73.00
Resistance 2: 74.50
Resistance 3: 75.00